2026-05-15T13:58:02-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 2001 MARKET STREET SUITE 800 PHILADELPHIA PA 19103 990 2024-07-01 231365388 PHILADELPHIA MUSEUM OF ART PHIL 2157638100 PO BOX 7646 PHILADELPHIA PA 191017646 MITCHELL WEIN EVP, CFO & COO 2156847801 2026-05-15 1 0 ALYCIA SOLECKI P01272637 2155614200 2024 2025-03-06 01:10:19Z DANIEL WEISS PO BOX 7646 PHILADELPHIA PA 191017646 183526214 0 X WWW.PHILAMUSEUM.ORG X 1876 PA SEE FORM 990, SCHEDULE O - PART III LINE 1 67 66 453 105 4268353 217837 46842886 37762691 7964824 8191630 23711718 45064844 2548812 3532371 81068240 94551536 0 0 0 0 30366208 31994138 108026 161929 5265395 53076063 51836292 83550297 83992359 -2482057 10559177 1202554035 1202175760 96698053 78169691 1105855982 1124006069 X SEE SCHEDULE O 0 0 42111264 0 7393630 EXHIBITIONS, CURATORIAL, AND COLLECTIONS(SEE SCHEDULE O FOR ADDITIONAL INFORMATION)SINCE OUR FOUNDING AT THE 1876 CENTENNIAL EXHIBITION, PMA HAS ACCUMULATED ONE OF THE WORLD'S LEADING ART COLLECTIONS WITH 245,000 WORKS SPANNING 4,000 YEARS. HIGHLIGHTS OF THE COLLECTION INCLUDE:- THE WORLD'S LARGEST AND MOST IMPORTANT COLLECTION OF WORKS BY MARCEL DUCHAMP.- THE GREATEST COLLECTION OF SCULPTURE BY CONSTANTIN BRANCUSI OUTSIDE EUROPE.- THE FINEST PUBLIC COLLECTION OF AUGUSTE RODIN'S SCULPTURE IN THE UNITED STATES.- SUPERB IMPRESSIONIST AND POST-IMPRESSIONIST PAINTINGS, INCLUDING PAUL CEZANNE'S THE LARGE BATHERS, VINCENT VAN GOGH'S SUNFLOWERS, AND IMPORTANT PAINTINGS BY EDOUARD MANET, CLAUDE MONET, PIERRE-AUGUSTE RENOIR, CAMILLE PISSARRO, AND EDGAR DEGAS.- EXCEPTIONAL AMERICAN PAINTING, SCULPTURE, FURNITURE, SILVER, AND CERAMICS-INCLUDING THE REMARKABLE CREATIONS OF THE SHAKERS AND PENNSYLVANIA GERMANS THAT REFLECT PHILADELPHIA'S CENTRAL ROLE IN AMERICAN HISTORY.- EXTRAORDINARY PERIOD ROOMS AND ARCHITECTURAL ENSEMBLES FROM AROUND THE WORLD.THE MUSEUM'S LANDMARK MAIN BUILDING OPENED IN 1928 AT THE WESTERN END OF THE BENJAMIN FRANKLIN PARKWAY. OTHER BUILDINGS THAT MAKE UP THE CAMPUS INCLUDE THE PERELMAN BUILDING, THE RODIN MUSEUM, AND THE TWO GREAT EIGHTEENTH CENTURY HOUSES IN FAIRMOUNT PARK, MOUNT PLEASANT, AND CEDAR GROVE.IN FISCAL YEAR 2025, THE MUSEUM PRESENTED OVER 20 EXHIBITIONS AND COLLECTIONS INSTALLATIONS IN THE GALLERIES, INCLUDING: THE TIME IS ALWAYS NOW: ARTIST REFRAME THE BLACK FIGURE (NOVEMBER 9, 2024 TO FEBRUARY 9, 2025); BOOM: ART AND DESIGN IN THE 1940S (APRIL 12 TO SEPTEMBER 1, 2025); BEGIN AGAIN: REPETITION IN CONTEMPORARY ART (SEPTEMBER 7 TO DECEMBER 30, 2024); CHRISTINA RAMBERG: A RETROSPECTIVE (FEBRUARY 8 TO JUNE 1, 2025); A DIALOG OR A DANCE: PORTRAITS IN COLLABORATION (JULY 27 TO DECEMBER 30, 2024); STAGED: STUDIO PHOTOGRAPHS FROM THE COLLECTION (JANUARY 18 TO JULY 13, 2025); WHAT TIMES ARE THESE? (OCTOBER 19, 2024 TO MARCH 16, 2025); EL ANATSUI: SITE SPECIFIC INSTALLATION (OCTOBER 19, 2024 TO MAY 16, 2027) NAOTO FUKASAWA: THINGS IN THEMSELVES (DECEMBER 13, 2024 TO APRIL 20, 2025); INFORMAL MOMENTS: PORTRAITS FROM PHOTOGRAPHY'S FIRST DECADE (NOVEMBER 16, 2024 TO APRIL 13, 2025); SPLASH: BATHERS AND BEACHGOERS (APRIL 19 TO NOVEMBER 17, 2025); VISIONS OF THE LAND IN EDO JAPAN (AUGUST 8, 2024 TO JANUARY 13, 2025); WANDA GAG: ART FOR LIFE'S SAKE (JANUARY 23 TO JULY 21, 2025); FIRING THE IMAGINATION: JAPANESE INFLUENCE ON FRENCH CERAMICS, 1860-1910 (AUGUST 31, 2024 TO AUGUST 17, 2025); PAULINE BOUDRY/RENATE LORENZ: MOVING BACKWARDS (MAY 24 TO SEPTEMBER 28, 2025); HEAD TO TOE: AFRICAN AND ASIAN WEARABLES FROM THE IRA AND MYRNA BRIND COLLECTION (MAY 9 TO JANUARY 19, 2025); FRAMED: EUROPEAN PICTURE FRAMES FROM THE JOHNSON COLLECTION 1500-1900 (DECEMBER 21, 2024 TO APRIL 20, 2026); VISIONS OF THE LAND IN JAPAN (JUNE 14, 2025 TO APRIL 20, 2026); AND GARY SIMMONS: DESERT BLIZZARD (SEPTEMBER 20, 2024 TO JANUARY 5, 2026). IN FISCAL YEAR 2025, THE MUSEUM PUBLISHED BOOM: ART AND DESIGN IN THE 1940S. 9588757 68997 EDUCATION, LIBRARY, AND COMMUNITY PROGRAMS FOR CHILDREN, THE DISABLED, AND THE GENERAL PUBLIC PROVIDE A BETTER UNDERSTANDING OF THE MUSEUM'S COLLECTION AND ART IN GENERAL.(SEE SCHEDULE O FOR ADDITIONAL INFORMATION)EDUCATION IS AT THE HEART OF OUR MISSION AND A PRIMARY MEANS OF SERVING OUR VISITORS AND ENGAGING NEW AUDIENCES. WORKING COLLABORATIVELY WITH PARTNERS LIKE THE SCHOOL DISTRICT OF PHILADELPHIA (SDP) AND OTHER COMMUNITY STAKEHOLDERS ALLOWS PMA TO CREATE PROGRAMS FOR OUR VISITORS THAT RESPOND DIRECTLY TO THEIR NEEDS. IN-PERSON SCHOOL TOURS RETURNED IN FY25. IN ADDITION TO FREE-GUIDED TOURS FOR SDP AND TRI-STATE TITLE I SCHOOLS, THE MUSEUM EXPANDED ACCESS BY OFFERING FREE TRANSPORTATION AND HOSTING SCHOOL TOURS ON TUESDAYS AND WEDNESDAYS DURING A SPECIAL EXHIBITION WHEN THE MUSEUM IS TYPICALLY CLOSED TO THE PUBLIC. WE SERVED MORE THAN 36,000 PREK-12 STUDENTS THROUGH ON-SITE TOURS, AFTERSCHOOL AND OUT-OF-SCHOOL PROGRAMS, OUTREACH PROGRAMS, AND SCHOOL PARTNERSHIPS. WE ALSO CONTINUED OFFERING IN-PERSON EDUCATOR PROFESSIONAL DEVELOPMENT AND PROVIDED DIGITAL CURRICULUM RESOURCES FOR EDUCATORS AND CHILDREN. THE DIVISION OF LEARNING AND ENGAGEMENT HAS DEVELOPED A ROBUST SCHEDULE OF IN-PERSON AND VIRTUAL OFFERINGS DESIGNED TO NURTURE CREATIVITY IN KIDS OF ALL AGES. THE MUSEUM IS THRILLED TO SEE THE RETURN OF IN-PERSON FAMILY PROGRAMMING UNDER THE ART KIDS UMBRELLA. ART KIDS IS AN INITIATIVE TO BUILD AND EXPAND OUR FAMILY AUDIENCE THROUGH YEAR-LONG PROGRAMMING PRIMARILY FOR CHILDREN AGES 3-10 AND THEIR CARETAKERS. THE PROGRAM SUCCESSFULLY ENGAGED WITH THOUSANDS OF CHILDREN AND FAMILIES THIS PAST YEAR THROUGH ACTIVITIES LIKE ART KIDS STUDIO GALLERY TOURS, FAMILY FESTIVALS, AND VIRTUAL PROGRAMS. IN FY25, FAMILY PROGRAMS SERVED 84,663 PEOPLE. OUR LARGE-SCALE FAMILY FESTIVALS, HOSTED ON PAY-WHAT-YOU-WISH ADMISSION DAYS SERVED A TOTAL OF 57,831 PEOPLE MANY OF WHOM ARE FIRST TIME VISITORS, LOCALS AND FAMILIES.WE CONTINUE TO BUILD LASTING RELATIONSHIPS WITH LOCAL FAMILIES, WHICH IS KEY TO THE INITIATIVE, WHICH SEEKS TO CONNECT CHILDREN WITH THE ARTS AT A YOUNG AGE, PROVIDE CAREGIVERS WITH THE SUPPORT THEY NEED TO ENGAGE THEIR CHILDREN WITH THE VISUAL ARTS AND DEVELOP THE NEXT GENERATION OF MUSEUMGOERS AND ART ENTHUSIASTS. 11929223 1990321 AUXILIARY ACTIVITIES AND PUBLIC RELATIONS(SEE SCHEDULE O FOR ADDITIONAL INFORMATION)THE MUSEUM CONTINUES TO BROADEN ITS REACH THROUGH PARTNERSHIPS AND COLLABORATIONS.DURING THE FISCAL YEAR ENDING JUNE 30, 2025, THE MUSEUM WELCOMED 672,484 VISITORS. WE ENGAGE VISITORS THROUGH CREATIVITY IN THE PRESENTATION AND INTERPRETATION OF OUR COLLECTION AND SPECIAL EXHIBITIONS. WE RECOGNIZE THAT SURPRISE, DELIGHT, AND INSPIRATION ARE ESSENTIAL TO THE EXPERIENCE OF GREAT WORKS OF ART. 63629244 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 278 0 1 453 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 67 66 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA NJ NY CT FL CA AL AK AR CO GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NM NC ND OH OK OR RI SC TN VA WA WV WI DC X X CHENORA BURKETT 2157638100 2525 PENNSYLVANIA AVENUE PHILADELPHIA PA 19130 ALEXANDRA SVATAVA SUDA DIRECTOR AND CEO 35.00 0.00 X X 734480 0 38725 ELLEN T CAPLAN CHAIR 1.00 0.00 X X 0 0 0 OSAGIE O IMASOGIE VICE CHAIR 1.00 0.00 X X 0 0 0 AMACHI ACKAH TRUSTEE 1.00 0.00 X 0 0 0 MARTA ADELSON TRUSTEE 1.00 0.00 X 0 0 0 JOHN R ALCHIN TRUSTEE 1.00 0.00 X 0 0 0 DENNIS ALTER TRUSTEE 1.00 0.00 X 0 0 0 BARBARA ARONSON TRUSTEE 1.00 0.00 X 0 0 0 ANDREA M BALDECK MD TRUSTEE 1.00 0.00 X 0 0 0 SANDRA K BALDINO TRUSTEE 1.00 0.00 X 0 0 0 SHELDON M BONOVITZ TRUSTEE 1.00 0.00 X 0 0 0 IRA BRIND TRUSTEE 1.00 0.00 X 0 0 0 EMILY CAVANAGH TRUSTEE 1.00 0.00 X 0 0 0 SAJ CHERIAN TRUSTEE (AS OF OCT 2024) 1.00 0.00 X 0 0 0 KEMEL DAWKINS TRUSTEE 1.00 0.00 X 0 0 0 ROMULO L DIAZ JR TRUSTEE 1.00 0.00 X 0 0 0 H RICHARD DIETRICH III TRUSTEE 1.00 0.00 X 0 0 0 MARLENE S DOONER TRUSTEE 1.00 0.00 X 0 0 0 HOPE D'OYLEY-GAY TRUSTEE 1.00 0.00 X 0 0 0 ORLANDO ESPOSITO TRUSTEE 1.00 0.00 X 0 0 0 EDWARD FERNBERGER JR TRUSTEE 1.00 0.00 X 0 0 0 JAIMIE SPECTOR FIELD TRUSTEE 1.00 0.00 X 0 0 0 JULIA FLEISCHNER TRUSTEE 1.00 0.00 X 0 0 0 AMY A FOX TRUSTEE 1.00 0.00 X 0 0 0 IAN FULLER TRUSTEE (AS OF OCT 2024) 1.00 0.00 X 0 0 0 UMESH GAUR TRUSTEE (AS OF OCT 2024) 1.00 0.00 X 0 0 0 DAVID HAAS TRUSTEE 1.00 0.00 X 0 0 0 PHOEBE HADDON TRUSTEE 1.00 0.00 X 0 0 0 ANNE F HAMILTON TRUSTEE 1.00 0.00 X 0 0 0 ROB HAYES TRUSTEE 1.00 0.00 X 0 0 0 MELISSA HELLER TRUSTEE (AS OF OCT 2024) 1.00 0.00 X 0 0 0 CYNTHIA JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 JOAN M JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 TAC JUSTI TRUSTEE 1.00 0.00 X 0 0 0 GEORGE B KELLY TRUSTEE 1.00 0.00 X 0 0 0 DAVID D LANGFITT TRUSTEE 1.00 0.00 X 0 0 0 MAXINE LEWIS TRUSTEE 1.00 0.00 X 0 0 0 SUEYUN LOCKS TRUSTEE 1.00 0.00 X 0 0 0 ELINOR MARRAZZO TRUSTEE 1.00 0.00 X 0 0 0 JOHN J MEDVECKIS TRUSTEE 1.00 0.00 X 0 0 0 HILARIE MORGAN TRUSTEE 1.00 0.00 X 0 0 0 MEY-YEN MORIUCHI TRUSTEE 1.00 0.00 X 0 0 0 MARTHA HAMILTON MORRIS TRUSTEE 1.00 0.00 X 0 0 0 ZOE S PAPPAS TRUSTEE 1.00 0.00 X 0 0 0 AJAY RAJU TRUSTEE 1.00 0.00 X 0 0 0 JENNIFER RICE TRUSTEE 1.00 0.00 X 0 0 0 LYN M ROSS TRUSTEE 1.00 0.00 X 0 0 0 MARSHA W ROTHMAN TRUSTEE 1.00 0.00 X 0 0 0 PIA ROYCHOWDHURY TRUSTEE 1.00 0.00 X 0 0 0 MARK E RUBENSTEIN TRUSTEE 1.00 0.00 X 0 0 0 KATHERINE SACHS TRUSTEE 1.00 0.00 X 0 0 0 DAVID WILLIAM SELTZER TRUSTEE 1.00 0.00 X 0 0 0 JAY SHAH TRUSTEE 1.00 0.00 X 0 0 0 MARTHA MCGEARY SNIDER TRUSTEE 1.00 0.00 X 0 0 0 JOAN F THALHEIMER TRUSTEE 1.00 0.00 X 0 0 0 BRUCE E TOLL TRUSTEE 1.00 0.00 X 0 0 0 JERRY WIND TRUSTEE 1.00 0.00 X 0 0 0 ROBERT A ZURITSKY TRUSTEE 1.00 0.00 X 0 0 0 LESLIE A MILLER TRUSTEE/CHAIR EMERITA 1.00 0.00 X 0 0 0 CONSTANCE H WILLIAMS TRUSTEE/CHAIR EMERITA 1.00 0.00 X 0 0 0 MELISSA BLANTON TRUSTEE EX OFFICIO 1.00 0.00 X 0 0 0 JOHN CRABLE TRUSTEE EX OFFICIO (TERM END 06/30/2025) 1.00 0.00 X 0 0 0 BRUCE HERNDON TRUSTEE EX OFFICIO 1.00 0.00 X 0 0 0 KENYATTA JOHNSON TRUSTEE EX OFFICIO 1.00 0.00 X 0 0 0 CHERELLE PARKER TRUSTEE EX OFFICIO 1.00 0.00 X 0 0 0 JOSH SHAPIRO TRUSTEE EX OFFICIO 1.00 0.00 X 0 0 0 LAWRENCE SPITZ TRUSTEE EX OFFICIO 1.00 0.00 X 0 0 0 VALARIE MCDUFFIE CFO 35.00 0.00 X 324483 0 41866 REBECCA WUI GENERAL COUNSEL 35.00 0.00 X 237026 0 24161 KIMBERLY WATSON THRU 032025 DEPUTY DIR AND CHIEF ADV OFFICER 35.00 0.00 X 336597 0 5412 CARLOS BASUALDO THRU 062025 DEPUTY DIR AND CHIEF CURATOR 35.00 0.00 X 331725 0 16545 PAUL DIEN CHIEF MARKETING OFFICER 35.00 0.00 X 303034 0 19605 NANCY B FINN DEPUTY DIR OF DVLPMT, IND GIVING 35.00 0.00 X 238528 0 28185 LATASHA HARLING CHIEF PEOPLE OFFICER & DEI 35.00 0.00 X 222936 0 17163 JANE LAWSON-BELL CAPITAL PROJECTS MANAGER 35.00 0.00 X 186360 0 44560 2915169 0 236222 64 0 1 0 ALLIED UNIVERSAL SALLIED UNIVERSAL SECUR PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY 5522053 CSI INTERNATIONAL INC 3611 W SWANN AVENUE TAMPA FL 33609 CUSTODIAL SERVICES 2676264 LF DRISCOLL COMPANCSI INTERNATIONAL I 401 CITY AVENUE SUITE 500 BALA CYNWYD PA 19004 CONSTRUCTION 2211750 KELLOGG HANSEN TODD FIGEL & FREDERICK 1615 M STREET NW SUITE 400 WASHINGTON DC 20036 LEGAL 1632967 CLEAN TECH SERVICES INC 114 CHESTNUT STREET 5TH FLOOR PHILADELPHIA PA 19106 CUSTODIAL SERVICES 1333872 30 4547542 632658 6642000 25940491 5098892 37762691 ADMISSIONS 900099 7297221 7297221 EDUCATION PROGRAMS 611710 68997 68997 EXHIBITION REVENUES 900099 58544 58544 PUBLICATION DISTRIBUTION 900099 37865 37865 729003 729003 8191630 4182373 4055715 126658 13583 13583 1043477 356053 687424 687424 687424 127057866 45881 86221276 0 40836590 45881 40882471 40882471 480600 632658 1051600 -571000 -571000 2819705 1345749 1473956 1261318 212638 GUEST & EMPLOYEE PARKING 900099 1662124 1662124 CONCESSION FEES 900099 266284 266284 1928408 94551536 9452948 4268353 43067544 X 2656030 936869 1172216 546945 23249699 17606841 3453574 2189284 867713 619186 157163 91364 3392499 2428504 605655 358340 1828197 1304571 331129 192497 2412763 2412763 167605 167605 98000 98000 161929 161929 1054856 1054856 8587936 6688975 1534394 364567 1168567 1117356 45235 5976 888135 807004 63740 17391 973403 722564 164730 86109 9023 9023 5028726 4459906 439982 128838 657483 468751 123995 64737 1803401 1641010 120539 41852 15508475 14111975 1036587 359913 1583428 427813 1154666 949 ACQUISITIONS 3180651 3180651 SPECIAL EXHIBITIONS 1620282 1620282 7093558 5477963 960891 654704 83992359 63629244 15097720 5265395 95908306 78530035 62025540 58685025 1855383 2287819 605342 434003 881054 2639849 627058652 199394348 440317163 427664304 75861731 126256728 510234263 490036906 14865253 15641091 1202554035 1202175760 12584267 11635274 1124308 1425705 81860446 64086149 1129032 1022563 96698053 78169691 X 445278867 430460587 660577115 693545482 1105855982 1124006069 1202554035 1202175760 10559177 7590911 0 X 0 1 X 1 0 X 93931536 40423859 43987025 46842887 37762691 262947998 3400000 3686996 4413206 3901657 4436600 19838459 97331536 44110855 48400231 50744544 42199291 282786457 19360003 263426454 4523853 8859569 13255046 7758409 1183719 35580596 217838 217838 743241 1457750 1901025 2091617 2409021 8602654 327187545 44102497 0.80510 0.79630 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS RECEIPTS FROM FUNDRAISING SPECIAL EVENTS - 2020 AMOUNT: $ 6,567. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 503,603. 2023 AMOUNT: $ 497,059. 2024 AMOUNT: $ 480,613. PARKING REVENUES - 2020 AMOUNT: $ 524,813. 2021 AMOUNT: $ 1,077,876. 2022 AMOUNT: $ 1,106,876. 2023 AMOUNT: $ 1,220,560. 2024 AMOUNT: $ 1,662,124. CONCESSION FEES - 2020 AMOUNT: $ 211,861. 2021 AMOUNT: $ 379,874. 2022 AMOUNT: $ 290,546. 2023 AMOUNT: $ 373,998. 2024 AMOUNT: $ 266,284. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 98000 98000 83894360 83992360 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 140125 179485 220000 98000 637610 250000 250000 250000 250000 1000000 1500000 SCHEDULE C, PART II-A, LINE 1A LOBBYING ACTIVITIES FOR THE PHILADELPHIA MUSEUM OF ART INCLUDED OUTREACH, EDUCATION, AND ADVOCACY COMMUNICATIONS WITH GOVERNMENT STAKEHOLDERS FOR THE PURPOSE OF SECURING SUPPORT FOR ANNUAL APPROPRIATIONS AND DISCRETIONARY FUNDING. X X X X 0 586095994 10292683 48928731 29023774 616293634 544905062 19655221 50002692 28466981 586095994 528704141 5052070 38757784 27608933 544905062 607536734 6882489 -42157908 43557174 528704141 463466012 22306096 149145849 27381223 607536734 0.15778 0.58940 0.25282 1 0 2983347 2983347 556009784 172934814 383074970 35970387 26459534 9510853 32095134 32095134 427664304 PRIVATE EQUITY AND VENTURE CAPITAL 170246571 C GLOBAL STOCK FUNDS 97356161 C HEDGE FUNDS 97079147 C US STOCK FUNDS 87932371 C REAL ASSET FDS/MORTGAGE BACKED SEC 22960698 C GLOBAL (EXUS) EMERGING MKTS STOCK FDS 13997820 C LIMITED PARTNERSHIPS AND OTHER 464138 C 490036906 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 1022563 1022563 X 104740889 7590911 4436600 -3180651 8846860 95894029 1054856 -2397349 -1342493 94551536 86590802 4436600 2397349 6833949 79756853 1054856 3180651 4235507 83992360 PART III, LINE 1A: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. UNEXPENDED PROCEEDS FROM DEACCESSIONS ARE REFLECTED IN THE UNRESTRICTED NET ASSET CLASS. THEIR USE IS LIMITED, HOWEVER, BY MUSEUM PROFESSIONAL STANDARDS WHICH REQUIRE SUCH PROCEEDS BE AVAILABLE SOLELY FOR ACQUISITION OF OTHER WORK OF ART FOR THE COLLECTION, OR THE DIRECT CARE OF THE COLLECTION. PART III, LINE 4: THE MUSEUM IS HOME TO OVER 245,000 OBJECTS, SPANNING THE CREATIVE ACHIEVEMENTS OF THE WESTERN WORLD SINCE THE FIRST CENTURY AD AND THOSE OF ASIA SINCE THE THIRD MILLENNIUM BC. THE EUROPEAN HOLDINGS DATE FROM THE MEDIEVAL ERA TO THE PRESENT, AND THE COLLECTION OF ARMS AND ARMOR IS THE SECOND LARGEST IN THE UNITED STATES. THE AMERICAN COLLECTIONS ARE AMONG THE FINEST IN THE COUNTRY, AS ARE THE EXPANDING COLLECTIONS OF MODERN AND CONTEMPORARY ART. IN ADDITION, THE MUSEUM HOUSES ENCYCLOPEDIC HOLDINGS OF COSTUME AND TEXTILES AS WELL AS PRINTS, DRAWINGS, AND PHOTOGRAPHS THAT ARE DISPLAYED IN ROTATION FOR REASONS OF PRESERVATION. PART V, LINE 4: THE ENDOWMENT IS USED TO MAINTAIN THE COLLECTION OF ARTWORKS AND TO ACQUIRE FUTURE WORKS OF ART THAT ENHANCE AND PROMOTE THE MISSION OF THE PHILADELPHIA MUSEUM OF ART. PART X, LINE 2: THE MUSEUM HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN ITS FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACQUISITIONS OF ART OBJECTS -3,180,651. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES -1,051,600. COST OF GOODS SOLD -1,345,749. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 1,051,600. COST OF GOODS SOLD 1,345,749. PART XII, LINE 4B - OTHER ADJUSTMENTS: ACQUISITIONS OF ART OBJECTS 3,180,651. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 199511107 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 1883517 0 0 0 0 0 0 201394624 0 201394624 1 0 1 1 1 0 PART I, LINE 3: THE ORGANIZATION REPORTS ITS INVESTMENTS AT NET ASSET VALUE. X X X X X X 1 PENNINGTON GRAY LLC 418 ADAMS ST BEDFORD HILLS NY 10507 CONSULTANT 0 0 594169 -594169 THE STELTER COMPANY 505 MARKET ST WEST DES MOINES IA 50266 CONSULTANT 0 0 35430 -35430 MOREY CONSULTING INC 34 RADCLIFFE ST CHARLESTON SC 29403 CONSULTANT 0 0 30000 -30000 659599 -659599 PA NJ NY CT FL CA AL AK AR CO GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NM NC ND OH OK OR RI SC TN UT VA WA WV WI DC PHILADELPHIA SHOW 1113258 632658 480600 596069 79062 257 376212 1113258 632658 480600 596069 79062 257 376212 1051600 -571000 PART I, LINE 2B, COLUMN (V): FUNDRAISING CONSULTANT FEES ARE PAID AT A STATED RATE PER CONTRACT AND REIMBURSEMENTS FOR REASONABLE TRAVEL AND OTHER COSTS ARE PAID AS INCURRED. X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 ALEXANDRA SVATAVA SUDA DIRECTOR AND CEO 734180 0 0 0 300 0 11812 0 26913 0 773205 0 0 0 VALARIE MCDUFFIE CFO 323793 0 0 0 690 0 9023 0 32843 0 366349 0 0 0 CARLOS BASUALDO THRU 062025 DEPUTY DIR AND CHIEF CURATOR 293807 0 0 0 37918 0 14779 0 1766 0 348270 0 0 0 KIMBERLY WATSON THRU 032025 DEPUTY DIR AND CHIEF ADV OFFICER 335880 0 0 0 717 0 995 0 4417 0 342009 0 0 0 PAUL DIEN CHIEF MARKETING OFFICER 302734 0 0 0 300 0 3610 0 15995 0 322639 0 0 0 NANCY B FINN DEPUTY DIR OF DVLPMT, IND GIVING 238092 0 0 0 436 0 9705 0 18480 0 266713 0 0 0 REBECCA WUI GENERAL COUNSEL 236362 0 0 0 664 0 0 0 24161 0 261187 0 0 0 LATASHA HARLING CHIEF PEOPLE OFFICER & DEI 222643 0 0 0 293 0 0 0 17163 0 240099 0 0 0 JANE LAWSON-BELL CAPITAL PROJECTS MANAGER 182723 0 0 0 3637 0 9619 0 34941 0 230920 0 0 0 PART I, LINE 1A HEALTH/SOCIAL CLUB DUES: THE ORGANIZATION PROVIDES HEALTH/SOCIAL CLUB MEMBERSHIP TO BE USED BY CERTAIN EMPLOYEES IN CONNECTION WITH THEIR DUTIES. THE EMPLOYEE IS RESPONSIBLE FOR ANY PERSONAL USE OF THE CLUB MEMBERSHIP. PART I, LINE 4A CARLOS BASUALDO, DEPUTY DIRECTOR AND CHIEF CURATOR RECEIVED A SEVERANCE PAYMENT OF $36,013 IN CALENDAR YEAR 2024. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN B(III). A PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 NONEAVAIL 2022-03-01 33470000 REFUND BONDS ISSUED ON 6/16/2008 FOR THE ACQUISITION AND CONSTRUCTION OF MUS 0 0 0 B PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 NONEAVAIL 2022-03-01 77300000 REFUND BONDS ISSUED ON 4/13/2017 FOR MUSEUM RENOVATIONS/FINANCE MUSEUM EQUIP 0 0 0 A 7675000 33470000 33470000 2022 1 0 1 1 B 77300000 156245 3143755 74000000 2022 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 1 1 0 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 1 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT (F) DESCRIPTION OF PURPOSE: REFUND BONDS ISSUED ON 6/16/2008 FOR THE ACQUISITION AND CONSTRUCTION OF MUSEUM CAPITAL PROJECTS TO INCLUDE REFINANCE OF PREVIOUS TAX EXEMPT BONDS. (A) ISSUER NAME: PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT (F) DESCRIPTION OF PURPOSE: REFUND BONDS ISSUED ON 4/13/2017 FOR MUSEUM RENOVATIONS/FINANCE MUSEUM EQUIPMENT ART HANDLING FACILITIES TO INCLUDE REFINANCE OF PREVIOUS TAX EXEMPT BONDS. X 1766 0 X 109 5098892 FAIR MARKET VALUE 36 0 1 0 PART I, COLUMN (B): THE MUSEUM IS REPORTING THE NUMBER OF STOCK GIFTS RECEIVED RATHER THAN EACH SHARE, AND THE MARKET VALUE OF THE CONTRIBUTIONS RECEIVED. THE MUSEUM HAS REPORTED $0 RELATED TO THE CONTRIBUTION OF WORKS OF ART, AS IT DOES NOT CAPITALIZE ITS COLLECTIONS, PER ASC 958-360-25. FORM 990, PART I, LINE 22 NET ASSETS/FUND BALANCE WHILE THE MUSEUM'S INVESTMENT ASSETS HAVE CONTINUED TO GROW DURING THE FISCAL YEAR BEGINNING JULY 1, 2024 AND ENDING JUNE 30, 2025, RESULTING IN A SURPLUS, IT'S OPERATIONAL REVENUE CONTINUED TO LAG BEHIND EXPENSES, RESULTING IN AN OPERATIONAL DEFICIT FOR SUCH PERIOD. FORM 990, PART III, LINE 1 THE PHILADELPHIA MUSEUM OF ART - IN PARTNERSHIP WITH THE CITY, THE REGION, AND ART MUSEUMS AROUND THE GLOBE - SEEKS TO PRESERVE, ENHANCE, INTERPRET, AND EXTEND THE REACH OF ITS GREAT COLLECTION IN PARTICULAR, AND THE VISUAL ARTS IN GENERAL, TO AN INCREASING AND INCREASINGLY DIVERSE AUDIENCE AS A SOURCE OF DELIGHT, ILLUMINATION, AND LIFELONG LEARNING. FORM 990, PART VI, SECTION A, LINE 2 IRA BRIND AND JAMIE FIELD, BOTH TRUSTEES, HAVE A FAMILIAL RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETE FORM 990 IS PREPARED AND REVIEWED BY MANAGEMENT AND OUTSIDE INDEPENDENT TAX ADVISORS. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWED THE COMPLETE 990. THE PUBLIC VERSION OF FORM 990 IS SHARED WITH THE BOARD OF TRUSTEES PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE MUSEUM'S CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND UPDATED PERIODICALLY BY THE MUSEUM'S BOARD OF TRUSTEES. THE MUSEUM'S BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEES COMPLETE AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. THE MUSEUM'S CONFLICT OF INTEREST POLICY REQUIRES, AMONG OTHER THINGS, THAT TRUSTEES, OFFICERS AND KEY EMPLOYEES DISCLOSE CONFLICTS AND POTENTIAL CONFLICTS AND THAT INTERESTED PARTIES NOT PARTICIPATE IN ANY VOTE TO CONSIDER A TRANSACTION THAT MIGHT CONSTITUTE A CONFLICT. ANY REPORTED CONFLICTS ARE REVIEWED AND MITIGATED BY THE MUSEUM'S AUDIT COMMITTEE AND/OR GENERAL COUNSEL, AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS THE MUSEUM USES TO ESTABLISH COMPENSATION FOR OFFICERS AND KEY EMPLOYEES INCLUDES A COMPLETE REVIEW OF EXECUTIVE COMPENSATION LEVELS BY THE MUSEUM'S COMPENSATION COMMITTEE. THE REVIEW IS BASED ON A MARKET ANALYSIS PREPARED BY AN INDEPENDENT THIRD PARTY UNDER THE DIRECTION AND SUPERVISION OF THE HUMAN RESOURCES DEPARTMENT AND INTERNAL LEGAL COUNSEL. THE RESULTS ARE SHARED WITH THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE CONTEMPORANEOUSLY DOCUMENTS THE RESULTS OF THE DELIBERATIONS AND DECISIONS IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE MUSEUM'S PUBLIC VERSION OF FORM 990, AND THE AUDITED FINANCIAL STATEMENTS, ARE POSTED ON ITS WEBSITE. THE MUSEUM'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 6,688,975. MANAGEMENT AND GENERAL EXPENSES 1,534,394. FUNDRAISING EXPENSES 364,567. TOTAL EXPENSES 8,587,936. CHARITABLE REMAINDER TRUSTS - PA (1) CHARITABLE TRUST PA PMA T 1 CHARITABLE REMAINDER TRUSTS - PA (1) CHARITABLE TRUST PA N/A T 0 CHARITABLE REMAINDER TRUSTS - NC (3) CHARITABLE TRUST NY N/A T 0 CHARITABLE REMAINDER TRUSTS - NY (1) CHARITABLE TRUST NY N/A T 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0